Webull vs Scope Markets

Webull vs Scope Markets Comparison Table 2023
Webull Review 2023 Scope Markets Review 2023
4.4

Webull is #6 in our broker rankings.

4.2

Scope Markets is #10 in our CFD broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous bonuses have made the discount broker popular with online investors.

Scope Markets offers day trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.

Bonus Offer
Up to 12 free fractional shares when you deposit $100 50% Deposit Bonus Up to $50,000. *Bonus promotions do not apply to all entities. Depending on the jurisdiction chosen to open an account with, different regulations apply.
Comment by Reviewer
"Webull is best for traders looking to buy and sell stocks on a user-friendly app with zero commissions." "Scope Markets will appeal to traders seeking highly leveraged CFDs and spot investment products on the powerful MetaTrader 5 platform. The Scope Markets Group stands out for its range of trading tools and educational materials."
Pros
  • Respected brand with strong regulatory oversight
  • Easy-to-use investment platform and mobile app
  • No minimum deposit for beginners
  • No commission or inactivity fees
  • Smart Advisor for auto investing
  • Promotions with free stocks
  • Brokerage account plus IRA
  • Fractional shares
  • Modern Scope Trader web platform with 50+ analysis tools and intuitive design
  • Available in English, Spanish, Russian, Vietnamese & Chinese etc.
  • A wide range of trading training courses and tutorials
  • Regular market news, updates and webinars
  • Multilingual, 24/5 customer support
  • MT4 and MT5 platform integration
  • Low commissions and fees
  • Multi-regulated group
Cons
  • Day trading is limited for customers with less than $25,000 deposited
  • High deposit and withdrawal wire fees for non-US residents
  • Sometimes sudden changes in trading conditions
  • Regulatory scrutiny varies between countries
  • Limited trading instruments
Instruments
Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs Forex, Stocks, Commodities etc.
Demo Account
Yes Yes
Minimum Deposit
$0 $50
Trading Platforms
  • Own
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
SEC, FINRA CMA, FSC, FSCA
Margin Trading
Yes Yes
Margin Rate
5.49% to 9.49%
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Scope Markets clients can trade CFDs on a good selection of asset classes including forex, precious metals, energies, indices and global shares. The award-winning broker also offers a decent suite of educational materials and a YouTube channel to support aspiring traders.
Leverage
1:4 1:2000 (location dependent)
FTSE Spread
0.4
GBPUSD Spread
1.0
Oil Spread
NA 0.2
Stocks Spread
$0 Variable
Forex Trading
Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads. Scope Markets offers MT5 trading for a range of major, minor and exotic currency pairs with high leverage and a low starting deposit. Multilingual 24/5 support is also available to support forex traders.
GBPUSD Spread
0.4 1.0
EURUSD Spread
0.2 1.0
EURGBP Spread
0.4 1.0
Assets
15+ 44
Cryptocurrency
Webull offers trading on popular cryptos like Bitcoin against the US Dollar. With 35+ tokens and premium analysis tools, traders can review market trends and identify opportunities in a few taps. Go long or short on popular cryptos like Bitcoin, Ethereum and Ripple with leveraged CFDs and competitive spreads. Depending on the jurisdiction, different regulations apply. CFDs on cryptocurrencies are not offered in all jurisdictions.
Spread
Floating Variable
Coins
  • BTC
  • BCH
  • BAT
  • ETH
  • LTC
  • DOGE
  • XLM
  • EOS
  • TRX
  • XMR
  • ZEC
  • ETC
  • ADADASH
  • SHIB
  • AVAX
  • LUNA
  • LINK
  • UNI
  • ALGO
  • MATIC
  • SISHI
  • REM
  • ATOM
  • MANA
  • FTM
  • GRT
  • SOL
  • CRV
  • LRC
  • XTZ
  • USDC
  • AAVE
  • ONE
  • CRO
  • YFI
  • APE
  • BNT
  • COMP
  • ENJ
  • MKR
  • AMP
  • FIL
  • ICP
  • BTC
  • ETH
  • LTC
  • XRP
  • XMR
  • ZEC
  • BCH
  • DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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